CME ends legal challenge against CFTC; DTCC questions proposal

CME Group has dropped its challenge to the Commodity Futures Trading Commission's proposed rules on reporting trade data, but Depository Trust and Clearing is voicing concerns about the agency's proposed change to a swaps-data reporting rule. The move would make it easier for CME to keep the swaps data of its customers to itself rather than sending it to a third-party swaps-data repository. "This action is inconsistent with the Commission's previous actions, and will cause market participants to question the finality of any Commission rule or interpretation," the DTCC said.